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The IFoA announced today (3 March 2016), at its annual Asia Conference in Kuala Lumpur, that it is expanding its Actuarial Research Centre (ARC) to become a ground breaking virtual network of actuarial researchers and partner organisations from around the world, which will sponsor and deliver innovative research on behalf of the IFoA.
Government priority should be ensuring people have incentive to save - social care costs are a ticking time bomb for future generations - current working generation already facing significant financial burdens
In its response to the Work and Pensions Select Committee’s inquiry on automatic enrolment (AE), the Institute and Faculty of Actuaries (IFoA) makes three key recommendations for the Government to build on the success of AE to-date to increase the numbers of people saving into a pension.
The CERA Global Association (CGA) is pleased to announce that Chu Lee has become the 3,000th person to earn the prestigious CERA (Chartered Enterprise Risk Actuary) credential.
The International Actuarial Association (IAA) is pleased to announce that, at its meeting on October 17, 2015 in Vancouver, the Council of the IAA elected the following individuals to serve as Officers of the IAA effective January 1, 2016.
Gareth Connolly, Chair of the IFoA Pensions Board, comments on the Government’s announcement this week (15 December) to allow people to sell on their annuity from 6 April 2017.
The Institute and Faculty of Actuaries (IFoA) announced today (14 December) that Michael Tagg is the first person to be awarded the Certified Actuarial Analyst (CAA) qualification. The CAA was launched in 2014 and is the first globally recognised membership qualification at the technical level for those working in wider roles within financial services such as IT and data analytics anywhere in the world.
Today (10 December) the Institute and Faculty of Actuaries (IFoA) released its second report on the Government's proposed changes to the funding of long term care. The report, 'How financial products can work alongside the Care Act 2014 to help people pay for care', found that current and proposed means test rules act as a barrier to saving for long term care needs.
The Institute and Faculty of Actuaries’ (IFoA) sixth annual report looking at third party injury (TPI) and third party damage (TPD) motor insurance claims shows the cost per policy of the most severe claims (those with costs above £131,000) has increased on average by 11% per year - due almost entirely to an increase in the average cost of claims rather than a rise in the number of claims.
43% of road accidents in the North West result in a personal injury claim versus national average of 30%.